A failure by politicians in Washington to reach a deal to raise the U.S. debt ceiling in the next few days -- particularly if Standard & Poor's makes good on its threat to lower the country's AAA sovereign debt rating -- could have “deep and wide reverberations” in credit and equities markets, according to Todd Rosenbluth, an analyst at S&P Equity Research.
But it might not automatically hurt investors in mutual funds that are invested heavily in U.S. Treasuries and related government bonds.
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